Trader ’50 Cent’ is back betting on stock market chaos

It looks like the swashbuckling volatility trader known as “50 Cent” is already plotting his comeback. Known for his consistent purchases of bite-size Cboe Volatility Index (VIX) options — usually costing about 50 cents — the trader has historically positioned himself to profit from market turbulence. But he took a self-imposed leave of absence after … Read more

Bitcoin Bounces From $6,100 to $6,500, Market Buys Breathing Room

The bitcoin price has demonstrated a short-term corrective rally from $6,100, rebounding to $6,500 over the past 24 hours, rising by around 6.5 percent. Small cryptocurrencies and tokens followed the price movement of bitcoin on the upside. — RELATED— BITCOIN: ZERO Why, on July 21, 2018, the U.S., China, Russia (and 16 of the world’s … Read more

Investors Rushed to Into Asia ETFs Amid the Trump-Kim Meeting

At the surface, the much anticipated meeting between U.S. President Donald Trump and North Korean leader Kim Jong Un seemed to be a big nothing for markets. But behind the scenes, traders were scurrying to move money amid the geopolitical noise, sending flows to some Asia exchange-traded funds. Volumes for U.S.-listed ETFs on Monday were … Read more

Ethereum Classic Price Jumps 25% Following News of Coinbase Listing

American cryptocurrency exchange Coinbase announced June 11 that they will support Ethereum Classic (ETC) on their platform, after which the price jumped over 25 percent. At 01:14 UTC, ETC was trading at $12.89, but an hour later the price had spiked by over 25 percent to $16.15. Ethereum Classic over the 24-hour period from Coinmarketcap … Read more